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Tennessee Board of Regents Approves U of M Proposals

No Tuition Hike and Reduced Out-of-State Fees for 2014-15

Contact: Gabrielle Maxey
901-678-2843
gmaxey@memphis.edu

June 20, 2014 - The Tennessee Board of Regents has approved two proposals from the University of Memphis that will keep maintenance fees (in-state tuition) flat for the upcoming academic year and will also significantly reduce the amount out-of-state students pay to attend the U of M.

After an average increase of 7.3 percent over the last 10 years, University officials proposed that maintenance fees, commonly referred to as tuition, remain flat for 2014-15. This marks the first time in 22 years that all U of M students will not see a tuition increase. 

 “Affordability is a key component of our strategy to encourage more students to attend the University of Memphis and complete college on time,” said President M. David Rudd. “The University has always been a great educational value, but it is an even better value now.”

Today’s historic announcement means that undergraduate in-state students taking a full academic course load of 12 hours at the U of M will continue to pay $7,056 per year, plus mandatory fees of $1,563. In-state graduate students taking at least nine hours will pay $8,298 a year, plus any additional mandatory fees. 

In another important development, the Board of Regents also approved the University’s proposal to reduce tuition for out-of-state students, including a special reduction for students living within 250 miles of Memphis.  

Under the new 250-R program, undergraduate students who graduated from a high school in the 250-mile radius will now pay $12,456 a year (plus mandatory fees), an almost $10,000 reduction from last year’s amount of $21,768.

All students, regardless of classification, who live outside of the 250-mile radius will also see a reduction in out-of-state tuition. Full-time undergraduate students will pay $3,000 less for an annual cost of $18,768. Full-time graduate students taking nine hours of classes a semester will see their out-of-state fees drop to $17,082 from $19,476. All out-of-state students enrolled at the U of M’s Cecil C. Humphreys School of Law will see their tuition reduced from $37,864 to $23,852. Mandatory fees will be in addition to out-of-state tuition.

All changes take effect this fall and apply to already admitted students, as well as new students.

 “The reduction in out-of-state fees will allow us to be more competitive so we can educate and retain more students in the Memphis area upon graduation,” said Rudd. 

Current data shows that 54 percent of out-of-state students attending the University of Memphis remain in the region after graduation.

All U of M students, regardless of their classification or where they reside, will still have to pay $307 more in mandatory fees for 2014-15. The increase was approved by the Student Government Association for the purpose of building a new student recreation center. Mandatory fees are designated for special expenses such as debt service, student activities and technology access, and are separate from maintenance fees/tuition.

The University estimates that the new plan will have a projected impact of $1.7 million. Rudd said this will be offset by enrollment growth, organizational realignment, cost savings and other efficiency measures that are already underway.

Metropolitan areas located within the U of M’s proposed 250-mile zone include Little Rock, St. Louis, Birmingham, Ala., and Jackson, Miss. New out-of-state fees approved by TBR do not apply to students who live in the border counties of Crittenden County, Ark., or DeSoto, Tate, Tunica and Marshall counties in Miss., since they already attend the U of M at in-state rates. 

The U of M, which graduates more than 4,000 students a year, enrolled 21,480 students in 2013-14. It has had record application numbers this spring, surpassing 10,000 for the first time in its history. As of last week, more than 10,500 students had applied for first-time admission in fall 2014.

Annual Comparison
Maintenance fees (in-state) and out-of-state tuition for full-time students

In-state students 
(and border counties)
Fees in 2013-2014 Fees for 2014-15
Undergraduates $7,056 $7,056
Graduate students $8,298 $8,298
Law students $15,992 $15,992

Out-of-state students
(within 250-mile radius except border counties)
Full-time undergraduates $21,768 $12,456

Out-of-state students
(outside of 250 miles)
Undergraduates $21,768 $18,768
Graduate students $19,476 $17,082
Law students $37,864 $23,852

  Data supplied by the University of Memphis

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Last Updated: 6/20/14